Career
NYSC Member with a Great Business Idea? Apply for Bank of Industry’s N2 Billion Graduate Entrepreneurship Fund
Are you a corps member looking for how to fund your business idea? The Bank of Industry (BOI) N2 billion Graduate Entrepreneurship Fund (GEF) is calling for entries now.
Program Structure:
- An indication of interest by the corps members through an online business ideas competition administered by BOI (www.boi.ng/gef).
- 4 days intensive entrepreneurship training on generating a business idea, business model, basic financial record keeping and marketing.
- Soft loans for those with enterprises/viable business ideas
For more information follow @BOINIGERIA on Instagram and Twitter.
The Capacity Building Programme is held at selected NYSC Orientation Camps in each of the six (6) geopolitical zones.
Key Features of GEF Scheme include:
| Obligor Limit | Up to N2.0 million loan |
| Pricing | Interest Rate: 0% |
| Tenor | 3 – 5 years |
| Moratorium | 6 -12 months from date of Loan Disbursement |
| Security | Security for the facility is a combination of:
I. Specific charge over the equipment II. Lien on the NYSC discharge certificate III. One (1) external guarantor acceptable to BOI |
——————————————————————————————————————-
Sponsored Content
